Trade deficit up by 34.5% in 2022

Cyprus’ trade deficit increased by almost €2b (or 34.5%) in 2022 compared with the year before, going from €5,278.3m in …

12:32 - 24 March 2023

Central Bank sees Cyprus GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally revised its projections upwards for GDP growth this year, citing slightly improved …

12:05 - 24 March 2023

Which shops will be open on 25 March and 1 April

While most shops are expected to remain open on Saturday, 25 March, general retail outlets will have to be closed …

10:16 - 24 March 2023

Cyprus Consul in Bahrain discusses bilateral cooperation in tourism and energy

The Consul of Cyprus in Bahrain has had a series of meetings with Ministers of the Kingdom to discuss bilateral …

09:47 - 24 March 2023

Effort to have better ports is a joint one, Minister of Transport and Deputy Ministers of Tourism and Shipping say

The Ministers responsible for Transport, Shipping and Tourism visited the new DP World Limassol passenger terminal and expressed their determination …

07:37 - 24 March 2023

RIF offering businesses €6m under “Research in Enterprises” programme

Priority will be given to businesses without prior significant participation in research, technological development and innovation projects

09:18 - 21 March 2023

Construction materials up 10.73% in February year-on-year

Compared to January 2023, the index recorded an increase of 0.06%

08:23 - 21 March 2023

GEM Cyprus Report: One in two Cypriots considers it easy to start a business

This was the sixth consecutive year that Cyprus has participated GEM while through its participation in the GEM consortium, the …

13:37 - 20 March 2023

Relief over Credit Suisse rescue short-lived as bank shares sink

Credit Suisse shares slumped 62% while UBS lost 7.1% after a day of heavy selling in Asian financial markets as …

13:25 - 20 March 2023

CySEC participates in Global Money Week 2023

The aim is to raise awareness on the importance of financial education of the public and especially young people

13:02 - 20 March 2023

Labour cost rose 3.8% in Q4 2022

The two main components of labour cost, wages and salaries per hour worked and non-wage costs per hour worked, increased …

11:52 - 20 March 2023

Cyprus’ international lenders begin 14th post-programme review

According to a Finance Ministry announcement, the surveillance, which will conclude on 22 March, will assess Cyprus’ economic, fiscal and …

11:31 - 20 March 2023

New development aims to strengthen EAC network by 72MW over five years

A new major development is set to materialise in Nicosia, aiming to boost the island's renewable energy sector

11:25 - 20 March 2023

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Economy

Trade deficit up by 34.5% in 2022

Central Bank sees Cyprus GDP growth at 2.6% in 2023

Which shops will be open on 25 March and 1 April

Cyprus Consul in Bahrain discusses bilateral cooperation in tourism and energy

Effort to have better ports is a joint one, Minister of Transport and Deputy Ministers of Tourism and Shipping say

Herodotou: So far Cypriot banking system does not have direct exposure to international events

ACTE conference examines the sustainable future of Cyprus tourism

The goal is to increase tourist arrivals by 5% to 10%, Cyprus' Deputy Minister of Tourism Koumis says

CCLEI down 0.9% in February, indicates slowdown of Cypriot economy but no recession

CBC Governor calls on banks to provide loan restructurings and assess deposit rates data

Xenophontos: Measures to support farmers necessary to counter effects of Russian invasion

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